Price for Non-Silver Precious Metal Jewelry in Saudi Arabia - 2021
Contents:
- Price for Non-Silver Precious Metal Jewelry in Saudi Arabia (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Saudi Arabia (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Saudi Arabia
- Exports of Non-Silver Precious Metal Jewelry in Saudi Arabia
Price for Non-Silver Precious Metal Jewelry in Saudi Arabia (CIF) - 2022
The average non-silver precious metal jewelry import price stood at $55,002,584 per ton in 2022, growing by 10% against the previous year. In general, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 76%. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($510,008,407 per ton), while the price for Turkey ($6,968,805 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in Saudi Arabia (FOB) - 2022
The average non-silver precious metal jewelry export price stood at $48,434,185 per ton in 2022, reducing by -58.6% against the previous year. In general, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 111% against the previous year. Over the period under review, the average export prices hit record highs at $117,121,803 per ton in 2021, and then shrank dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($85,147,338 per ton), while the average price for exports to Bahrain ($17,238,923 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+744.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Saudi Arabia
In 2022, the amount of non-silver precious metal jewelry imported into Saudi Arabia contracted notably to 18 tons, which is down by -35.6% against the year before. Over the period under review, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 105% against the previous year.
In value terms, non-silver precious metal jewelry imports dropped remarkably to $997M in 2022. Overall, imports, however, showed tangible growth. The pace of growth was the most pronounced in 2021 with an increase of 138%. As a result, imports reached the peak of $1.4B, and then contracted remarkably in the following year.
| Import of Non-Silver Precious Metal Jewelry in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 133 | 165 | 521 | 337 | 36.3% |
| India | 86.1 | 62.3 | 177 | 115 | 10.1% |
| Hong Kong SAR | 274 | 39.1 | 27.8 | 72.5 | -35.8% |
| Italy | 44.9 | 60.8 | 101 | 65.6 | 13.5% |
| Thailand | 28.8 | 14.0 | 55.1 | 35.6 | 7.3% |
| China | 14.0 | 24.4 | 54.2 | 35.0 | 35.7% |
| Turkey | 31.7 | 10.5 | N/A | 13.2 | -25.3% |
| Singapore | 14.6 | 7.4 | 4.0 | 5.5 | -27.8% |
| Others | 312 | 205 | 464 | 318 | 0.6% |
| Total | 939 | 589 | 1,405 | 997 | 2.0% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Saudi Arabia in 2022:
- United Arab Emirates (5.7 tons)
- India (2.3 tons)
- Turkey (1.9 tons)
- Thailand (1.9 tons)
- China (1.8 tons)
- Hong Kong SAR (1.5 tons)
- Italy (0.7 tons)
- Singapore (0.1 tons)
Exports of Non-Silver Precious Metal Jewelry in Saudi Arabia
In 2022, the amount of non-silver precious metal jewelry exported from Saudi Arabia skyrocketed to 11 tons, with an increase of 61% compared with the previous year's figure. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of 100% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, non-silver precious metal jewelry exports fell sharply to $530M in 2022. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 202% against the previous year. As a result, the exports attained the peak of $797M, and then shrank remarkably in the following year.
| Export of Non-Silver Precious Metal Jewelry in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 211 | 104 | 110 | 409 | 24.7% |
| Bahrain | 13.6 | 0.6 | 21.9 | 81.1 | 81.3% |
| Lebanon | 77.9 | 3.8 | 4.2 | 17.3 | -39.4% |
| Kuwait | 31.6 | 1.2 | 4.4 | 16.5 | -19.5% |
| Oman | 44.6 | 1.2 | 0.4 | 6.2 | -48.2% |
| Switzerland | N/A | 108 | 332 | N/A | 207.4% |
| United States | N/A | 2.3 | 75.5 | N/A | 3182.6% |
| Italy | N/A | 16.5 | 16.5 | N/A | 0.0% |
| Others | 9.3 | 26.3 | 232 | N/A | 399.5% |
| Total | 388 | 264 | 797 | 530 | 11.0% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Saudi Arabia in 2022:
- United Arab Emirates (4.8 tons)
- Bahrain (4.7 tons)
- Lebanon (0.7 tons)
- Kuwait (0.5 tons)
- Oman (0.2 tons)
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